Tag Archives: Ally

DETROIT — Ally Financial Inc.’s net income surged in the third quarter as the lender generated its highest level of auto loan and lease originations in five years. The Detroit company reported net income of $ 476 million in the third quarter, a 25 percent increase from last year’s third …

Ally Financial Inc., one of the largest U.S. auto lenders, has asked the U.S. Supreme Court to dissolve the class-action status of a lawsuit stemming from a repossession that, if allowed to proceed, could result in significant damages to the company. Additionally, legal experts say the case could have far-reaching …

A Missouri Supreme Court verdict in a case that started with a dispute over a vehicle repossession could have far-reaching implications beyond the auto lending industry. Legal experts say the ruling could open the door for consumers from multiple states to form class-action lawsuits against any business, even if the …

Net income fell nearly 60 percent for Ally Financial Inc., one of the largest U.S. auto lenders, in the second quarter as the lender absorbed further impact from the coronavirus pandemic. Volatile used-vehicle values, record-high unemployment and more than a million consumers exiting forbearance protections were among the reasons the …

McLaren North America is making a change to its retail operations. The British exotic automaker said that as of Tuesday it had terminated its leasing business relationship with Ally Financial. “After more than four years of successfully growing this aspect of the business together, McLaren has elected to explore other …

As dealerships nationwide work to welcome customers back to showrooms following weeks of closures related to COVID-19, Ally Financial Inc. is offering marketing advice and materials to smooth the transition. Ally, one of the largest U.S. auto lenders, is distributing packages to dealership clients to aid stores’ reopening efforts and …

Verdict 6.4 / 10 Most of the attention on the 2020 Honda CR-V focuses on the new hybrid powertrain, the first time the Japanese automaker has offered a gas-electric version of its hugely popular compact crossover in the US. And yeah, that makes sense – Honda builds solid hybrids, and …

Ally Financial Inc., one of the largest U.S. auto lenders, is looking to its dealership partners to make 2020 another record-setting year. The Detroit lender’s auto originations increased 2.5 percent to $ 36.3 billion in 2019, stemming from a record-high 12.6 million decision applications sourced from a dealer base of …